WASHINGTON — The board of directors for the National Association of Realtors (NAR) today approved up to $12 million in funding over the next three years for a joint project between NAR subsidiary Realtors Property Resource and broker-backed initiative Upstream.

A group of notable multiple listing services (MLSs) and brokers have taken the next step in their mission to build the first national MLS consumer-facing listing portal: choosing the group’s decision-makers. The initiative’s organizers elected a board of managers comprised mostly of brokers at their first in-person meeting in Dallas last week.